10-K Filing

Mediaco Holding Inc. CIK: 1784254 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001564590-22-011571`
Period End Date	20211231
Filing Date	20220324
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	mdia-10k_20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 33 Cash Flow Statement 63 Stockholders Equity 13

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$503.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$157.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable	`AllowanceForDoubtfulAccountsReceivable`	$313.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $313 and $503, respectively	`AccountsReceivableNetCurrent`	$8.51M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $313 and $503, respectively	`AccountsReceivableNetCurrent`	$13.76M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.24M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.25M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$1.27M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$526.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.64M	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.67M	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$1.74M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.48M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.48M	USD	Point-in-time
Broadcasting equipment	`BroadcastingEquipment`	$5.99M	USD	Point-in-time
Broadcasting equipment	`BroadcastingEquipment`	$5.93M	USD	Point-in-time
Outdoor advertising structures	`OutdoorAdvertisingStructures`	$26.39M	USD	Point-in-time
Outdoor advertising structures	`OutdoorAdvertisingStructures`	$27.34M	USD	Point-in-time
Office equipment, computer equipment, software and automobiles	`OfficeEquipmentComputerEquipmentSoftwareAndAutomobiles`	$2.57M	USD	Point-in-time
Office equipment, computer equipment, software and automobiles	`OfficeEquipmentComputerEquipmentSoftwareAndAutomobiles`	$2.21M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$88.00K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$37.00K	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$46.20M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$44.71M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$19.67M	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$17.06M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.53M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.65M	USD	Point-in-time
Indefinite-lived intangibles	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$64.00M	USD	Point-in-time
Indefinite-lived intangibles	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$64.00M	USD	Point-in-time
Goodwill	`Goodwill`	$13.10M	USD	Point-in-time
Goodwill	`Goodwill`	$13.10M	USD	Point-in-time
Other intangibles	`FiniteLivedIntangibleAssetsGross`	$5.06M	USD	Point-in-time
Other intangibles	`FiniteLivedIntangibleAssetsGross`	$5.06M	USD	Point-in-time
Total intangible assets	`IntangibleAssetsGrossIncludingGoodwill`	$82.16M	USD	Point-in-time
Total intangible assets	`IntangibleAssetsGrossIncludingGoodwill`	$82.16M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.94M	USD	Point-in-time
Less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$4.13M	USD	Point-in-time
Total intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$78.03M	USD	Point-in-time
Total intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$79.22M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$23.95M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$21.66M	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$331.00K	USD	Point-in-time
Deposits and other	`DepositsAndOtherNonCurrentAssets`	$343.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$22.01M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$24.28M	USD	Point-in-time
Total assets	`Assets`	$146.35M	USD	Point-in-time
Total assets	`Assets`	$148.21M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.56M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.84M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$1.28M	USD	Point-in-time
Accrued salaries and commissions	`AccruedSalariesAndCommissionsCurrent`	$709.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.53M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.02M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.57M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.80M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$549.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.98M	USD	Point-in-time
LONG-TERM DEBT, NET OF CURRENT PORTION	`LongTermDebtNoncurrent`	$93.92M	USD	Point-in-time
LONG-TERM DEBT, NET OF CURRENT PORTION	`LongTermDebtNoncurrent`	$97.53M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$16.91M	USD	Point-in-time
OPERATING LEASE LIABILITIES, NET OF CURRENT	`OperatingLeaseLiabilityNoncurrent`	$20.18M	USD	Point-in-time
ASSET RETIREMENT OBLIGATION	`AssetRetirementObligation`	$5.62M	USD	Point-in-time
ASSET RETIREMENT OBLIGATION	`AssetRetirementObligation`	$6.32M	USD	Point-in-time
ASSET RETIREMENT OBLIGATION	`AssetRetirementObligation`	$7.27M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$1.71M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$2.07M	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$16.00K	USD	Point-in-time
OTHER NONCURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$221.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$137.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$133.10M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
SERIES A CUMULATIVE CONVERTIBLE PARTICIPATING PREFERRED STOCK, $0.01 PAR VALUE, 10,000,000 SHARES AUTHORIZED; 220,000 SHARES ISSUED AND OUTSTANDING	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$24.26M	USD	Point-in-time
SERIES A CUMULATIVE CONVERTIBLE PARTICIPATING PREFERRED STOCK, $0.01 PAR VALUE, 10,000,000 SHARES AUTHORIZED; 220,000 SHARES ISSUED AND OUTSTANDING	`RedeemableNoncontrollingInterestEquityPreferredCarryingAmount`	$27.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.69M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-16.57M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Total deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$146.35M	USD	Point-in-time
Total liabilities and deficit	`LiabilitiesAndStockholdersEquity`	$148.21M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$55.49M	USD	Annual
NET REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$39.26M	USD	Annual
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$37.72M	USD	Annual
Operating expenses excluding depreciation and amortization expense	`OperatingExpensesExcludingDepreciationAndAmortization`	$32.34M	USD	Annual
Corporate expenses	`CorporateExpenses`	$4.34M	USD	Annual
Corporate expenses	`CorporateExpenses`	$8.43M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.92M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.08M	USD	Annual
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$-197.00K	USD	Annual
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets1`	$47.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$40.96M	USD	Annual
Total operating expenses	`OperatingExpenses`	$50.04M	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-1.70M	USD	Annual
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$5.46M	USD	Annual
Interest expense	`InterestExpense`	$11.10M	USD	Annual
Interest expense	`InterestExpense`	$9.49M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-81.00K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-11.18M	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-9.49M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.19M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.72M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$15.56M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$358.00K	USD	Annual
CONSOLIDATED NET LOSS	`NetIncomeLoss`	$-26.75M	USD	Annual
CONSOLIDATED NET LOSS	`NetIncomeLoss`	$-6.08M	USD	Annual
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$2.15M	USD	Annual
PREFERRED STOCK DIVIDENDS	`PreferredStockDividendsIncomeStatementImpact`	$2.75M	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-28.90M	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-8.83M	USD	Annual
Basic and diluted net loss per share attributable to common shareholders:	`EarningsPerShareBasicAndDiluted`	$-4.07	USD	Annual
Basic and diluted net loss per share attributable to common shareholders:	`EarningsPerShareBasicAndDiluted`	$-1.22	USD	Annual
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,094.00	shares	Annual
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,217.00	shares	Annual

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-6.08M	USD	Annual
Consolidated net loss	`ProfitLoss`	$-26.75M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-81.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.92M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.08M	USD	Annual
Amortization of deferred financing costs, including original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$636.00K	USD	Annual
Amortization of deferred financing costs, including original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$590.00K	USD	Annual
Noncash interest expense	`NoncashInterestExpense`	$3.58M	USD	Annual
Noncash interest expense	`NoncashInterestExpense`	$1.68M	USD	Annual
Noncash lease expense	`NonCashLeaseExpense`	$2.85M	USD	Annual
Noncash lease expense	`NonCashLeaseExpense`	$3.02M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$543.00K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$71.00K	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$726.00K	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$848.00K	USD	Annual
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$358.00K	USD	Annual
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$15.56M	USD	Annual
Noncash compensation	`ShareBasedCompensation`	$129.00K	USD	Annual
Noncash compensation	`ShareBasedCompensation`	$3.65M	USD	Annual
(Gain) loss on sale of property and equipment	`GainLossOnDispositionOfAssets`	$-197.00K	USD	Annual
(Gain) loss on sale of property and equipment	`GainLossOnDispositionOfAssets`	$47.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.32M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.90M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-757.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-416.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$331.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$784.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.76M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$640.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-146.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$487.00K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.40M	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-3.04M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$68.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$167.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.64M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.94M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$409.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.40M	USD	Annual
Other	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$146.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-409.00K	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.84M	USD	Annual
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$3.00M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.00M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.00M	USD	Annual
Proceeds of stock issuances	`ProceedsFromIssuanceOfCommonStock`	$342.00K	USD	Annual
Payments for debt related costs	`PaymentsOfFinancingCosts`	$354.00K	USD	Annual
Payments for debt related costs	`PaymentsOfFinancingCosts`	$24.00K	USD	Annual
Settlement of tax withholding obligations	`PaymentsRelatedToSettlementOfTaxWithholdingObligations`	$721.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.14M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$267.00K	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.09M	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.95M	USD	Annual
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.12M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.17M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.12M	USD	Point-in-time
Interest	`InterestPaidNet`	$6.31M	USD	Annual
Interest	`InterestPaidNet`	$7.07M	USD	Annual
Noncash debt-related costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$281.00K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-16.57M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-26.75M	USD	Annual
Net loss	`NetIncomeLoss`	$-6.08M	USD	Annual
Sale of class A common shares	`StockIssuedDuringPeriodValueNewIssues`	$342.00K	USD	Annual
Issuance of class A to employees, officers and directors	`StockIssuedDuringPeriodValueIssuedForServices`	$129.00K	USD	Annual
Issuance of class A to employees, officers and directors	`StockIssuedDuringPeriodValueIssuedForServices`	$2.93M	USD	Annual
Preferred stock dividends	`DividendsPreferredStockStock`	$2.15M	USD	Annual
Preferred stock dividends	`DividendsPreferredStockStock`	$2.75M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-16.57M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.76M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.01M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.